Michigan Consumer Sentiment numbers for September wrap up another pivotal week for the dollar on Friday.
For the EUR:
The EUR faces drama, with ECB monetary policy and economic uncertainties testing buyer appetite.
German and Eurozone ZEW Economic Sentiment figures kickstart the week on Tuesday. The deteriorating macroeconomic environment suggests a sharp fall in sentiment.
Eurozone industrial production (Wed) will likely affirm manufacturing sector woes. However, Eurozone wage growth for the second quarter (Fri) will influence ECB monetary policy expectations. A pickup in wage growth would fuel spending and demand-driven inflation, an ECB concern.
While the economic indicators will provide direction, the Thursday ECB monetary policy decision and press conference will be the focal point. Economists expect the ECB to stand pat on monetary policy, leaving…
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